Result of AGM

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Pan African shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Friday, 25 November 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 20 September 2016, were approved by the requisite majority of shareholders present or represented by proxy.

The total number of Pan African shares eligible to vote at the AGM is 1,943,206,554. The highest number of shares voted in person or by proxy was 1,481,855,576 representing 76.26% of the total issued share capital of the same class of Pan African.

All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1: To receive and adopt the directors’ report, the audited statement of accounts and the auditors’ report for the year ended 30 June 2016

Shares Voted 1,464,834,235 75.38%

Abstained 17,094,631 0.88%

For 99.99%

Against 0.01%

Ordinary resolution number 2: To approve the payment of a final dividend for the year ended 30 June 2016*

Shares Voted 1,481,855,576 76.26%

Abstained 73,290 0.004%

For 100%

Against 0.00%

*Shareholders are referred to the SENS announcement released on 13 October 2016 for the salient dates and conversion rate details of the final dividend.

Ordinary resolution number 3: To re-elect Mrs HH Hickey as a director of the Company

Shares Voted 1,464,978,996 75.39%

Abstained 16,949,870 0.87%

For 99.88%

Against 0.12%

Ordinary resolution number 4: To re-elect Mr T Mosololi as a director of the Company

Shares Voted 1,464,967,701 75.39%

Abstained 16,961,165 0.87%

For 99.88%

Against 0.12%

Ordinary resolution number 5: To re-elect Mrs HH Hickey as a member of the audit committee

Shares Voted 1,464,978,996 75.39%

Abstained 16,949,870 0.87%

For 98.63%

Against 1.37%

Ordinary resolution number 6: To re-elect Mr KC Spencer as a member of the audit committee

Shares Voted 1,464,978,996 75.39%

Abstained 16,949,870 0.87%

For 80.99%

Against 19.01%

Ordinary resolution number 7: To re-elect Mr T Mosololi as a member of the audit committee

Shares Voted 1,464,967,701 75.39%

Abstained 16,961,165 0.87%

For 99.88%

Against 0.12%

Ordinary resolution number 8: To endorse the Company’s remuneration policy

Shares Voted 1,464,708,981 75.38%

Abstained 17,216,885 0.89%

For 85.95%

Against 14.05%

Ordinary resolution number 9: To re-appoint Deloitte LLP as auditors of the Company and to authorise the directors to determine their remuneration

Shares Voted 1,464,992,727 75.39%

Abstained 16,936,139 0.87%

For 99.79%

Against 0.21%

Ordinary resolution number 10: To authorise the directors to allot equity securities

Shares Voted 1,461,924,036 75.23%

Abstained 20,004,830 1.03%

For 69.46%

Against 30.54%

Special resolution number 11: To approve market purchases of ordinary shares

Shares Voted 1,481,740,735 76.25%

Abstained 188,131 0.01%

For 99.75%

Against 0.25%

Notes

• Percentages of shares voted are calculated in relation to the total issued share capital of Pan African
• Percentages of shares voted for and against  are calculated in relation to the total number of shares voted for each resolution
• Abstentions are calculated as a percentage in relation to the total issued share capital of Pan African

Johannesburg

25 November 2016

CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office:   + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240


Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office:   + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645


 

Cobus Loots	Deon Louw
Pan African Resources PLC	Pan African Resources PLC
Chief Executive Officer	Financial Director
Office: + 27 (0) 11 243 2900	Office: + 27 (0) 11 243 2900

Phil Dexter	John Prior / Paul Gillam
St James's Corporate Services Limited	Numis Securities Limited
Company Secretary	Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644	Office: [phone]

Sholto Simpson	Matthew Armitt / Ross Allister
One Capital	Peel Hunt LLP
JSE Sponsor	Joint Broker
Office: + 27 (0) 11 550 5009	Office: [phone]

Julian Gwillim	Daniel Thöle
Aprio Strategic Communications	Bell Pottinger PR
Public & Investor Relations SA	Public & Investor Relations UK
Office: [phone]	Office: + 44 (0) 203 772 2500

Jeffrey Couch / Neil Haycock / Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: [phone]

www.panafricanresources.com